Gapping down
In reaction to disappointing earnings/guidance: LLTC -3.7%, KEY -2.8%, INTC -1.1%, KTCC -1.1%
M&A news: SHPG -25.9% (notice to Shire Of AbbVie (ABBV) Board intention to reconsider recommendation), ABBV -3.9% (Announcement of notice to Shire Of AbbVie (ABBV) Board intention to reconsider recommendation), QCOM -0.5% (Qualcomm (QCOM) to acquire CSR for ~$2.5 bln)
Select EU related names showing weakness: SAN -3.5%, ALU -3.2%, BCS -2.7%, ALV -2.6%, NOK -2.5%, UBS -1.8%
Select metals/mining stocks trading lower: GFI -2.7%, RIO -2.3%, CDE -2.1%, MT -2.1%, VALE -1.8%, GOLD -1.2%, GDX -0.8%
Other news: CNET -10.3% (following 60%+ move higher yesterday), GWPH -4.9% (cont weakness), STAG -4.3% (announces public offering of 5 mln shares of common stock), NSPH -4.2% (following yesterday's 40% decline), STO -3.9% (president and CEO Helge Lund resigns), SNN -3.6% (likely attributed to tax inversion rules and fall out from SHPG/ABBV merger news), AZN -2.6% (likely attributed to tax inversion rules and fall out from SHPG/ABBV merger news), CUBE -2.2% (announces public offering of 6.5 mln common shares of beneficial interest), ESPR -1.4% (announces proposed public offering of $85 mln of common stock)
Analyst comments: RIG -2.2% (initiated with a Sell at ISI Group), OXY -0.6% (downgraded to Neutral from Outperform at Credit Suisse)
In reaction to disappointing earnings/guidance: LLTC -3.7%, KEY -2.8%, INTC -1.1%, KTCC -1.1%
M&A news: SHPG -25.9% (notice to Shire Of AbbVie (ABBV) Board intention to reconsider recommendation), ABBV -3.9% (Announcement of notice to Shire Of AbbVie (ABBV) Board intention to reconsider recommendation), QCOM -0.5% (Qualcomm (QCOM) to acquire CSR for ~$2.5 bln)
Select EU related names showing weakness: SAN -3.5%, ALU -3.2%, BCS -2.7%, ALV -2.6%, NOK -2.5%, UBS -1.8%
Select metals/mining stocks trading lower: GFI -2.7%, RIO -2.3%, CDE -2.1%, MT -2.1%, VALE -1.8%, GOLD -1.2%, GDX -0.8%
Other news: CNET -10.3% (following 60%+ move higher yesterday), GWPH -4.9% (cont weakness), STAG -4.3% (announces public offering of 5 mln shares of common stock), NSPH -4.2% (following yesterday's 40% decline), STO -3.9% (president and CEO Helge Lund resigns), SNN -3.6% (likely attributed to tax inversion rules and fall out from SHPG/ABBV merger news), AZN -2.6% (likely attributed to tax inversion rules and fall out from SHPG/ABBV merger news), CUBE -2.2% (announces public offering of 6.5 mln common shares of beneficial interest), ESPR -1.4% (announces proposed public offering of $85 mln of common stock)
Analyst comments: RIG -2.2% (initiated with a Sell at ISI Group), OXY -0.6% (downgraded to Neutral from Outperform at Credit Suisse)